Subscribe to RSS feedSeptember deadline for Hapag-Lloyd rescue
by
Patrick Hagen, Berlin
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last modified
Aug 27, 2009 04:59 PM
THE BERLIN government will decide on Hapag-Lloyd’s application for state guarantees by mid-September, the country’s maritime coordinator Dagmar Wöhrl told journalists last week.
Hapag-Lloyd has asked the government for guarantees totalling €1.2bn (US$1.7bn), covering loans provided by banks HSH Nordbank, HVB and KfW. The request is the biggest application from any maritime company, Mrs Whrl said.
She did not reveal further names...
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